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2007 OECD Economic Surveys: Greece 2007

image of OECD Economic Surveys: Greece 2007

This edition of OECD's periodic survey of Greece examines recent economic performance and key challenges including fiscal consolidation, reform of pensions, easing entry into the labour market, improving tertiary education, and fostering competition in network industries.

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Easing entry into the labour market

Unemployment remains high, particularly among first-time labour market entrants (mainly the young) and re-entrants (mainly women), while the long-term unemployed account for a high share of the total. There is scope for policy to facilitate entry to the labour market particularly by reducing minimum labour costs and easing the relatively strict employment protection legislation. Neither is currently on the government’s policy agenda.

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